Larry Page Is Selling. Should Google Investors Be Concerned?
Larry Page's sale of more than 33,000 Google shares shouldn't worry investors, Fool contributor Tim Beyers says in the following video.
You wouldn't think so from the volume.. According to the Form 4, the Google CEO cashed in at varying prices between $1,144 and $1,157 per share for significantly more than $37 million in gross proceeds earlier this month. Yet there's more to the story, Tim says.
Page diversified under the purview of what's known as a 10b5-1 trading plan, whereby he relinquished control over the price and timing of sales in order to comply with SEC rules for insider trading.
He's also been at it for a while. Clicking the link to his name in the Form 4 reveals a complete record of Page's recent transactions, including a slew of Form 4s filed monthly. He still owned 23.92 million voting class "B" shares as of Jan. 16.
In the following video, Tim tells us how investors should interpret these developments -- and why they shouldn't panic. Do you agree? Watch Tim's full take and let us know what you think in the comment section below.
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The article Larry Page Is Selling. Should Google Investors Be Concerned? originally appeared on Fool.com.
Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He owned shares of Google at the time of publication. Check out Tim's web home and portfolio holdings or connect with him on Google+, Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.The Motley Fool recommends Google. The Motley Fool owns shares of Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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